Hedge Fund · CIK 0001762304
Hillhouse
HHLR Advisors
Hillhouse runs HHLR Advisors, a hedge fund overseeing $3.10B in disclosed equity holdings (SEC CIK 0001762304). The latest portfolio (2025Q4) discloses 33 positions across 10 sectors, with the largest positions in PDD, BABA and ONC. On a mark-to-market basis the tracked portfolio has returned 48.9% over the past year. OpenStocks tracks 29 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.
Portfolio
$3.10B
Positions
33
Quarter
2025Q4
Filings tracked
29
Biggest winner since filing
FUTUFUTU HLDGS LTD
+73.9%
+$302.4M
Biggest loser since filing
PACBPACIFIC BIOSCIENCES CALIF IN
-93.6%
−$21.8M
Investment strategy
Hillhouse is a mid-size fund with a concentrated portfolio tilted toward consumer names. 40% of the disclosed equity book is in consumer-facing sectors.
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<iframe src="https://openstocks.me/embed/stock/PDD" width="100%" height="480" frameborder="0" loading="lazy" title="PDD chart by OpenStocks" style="border:0;border-radius:12px;background:transparent"></iframe>Holdings
8 sectors36 positions
Top 3 = 53% of book · PDD, FUTU, WEBULL CORP
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Performance
vs SPY29 quarters tracked
Mark-to-market portfolio growth vs SPY benchmark, with AUM and concentration history.
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Options & derivatives
No options
Hillhouse has no PUT or CALL positions disclosed for this quarter.
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Activity & trades
Quarter-by-quarterLast move 2025Q4
ADD BABA — and 4 more recent moves.
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Recent transactions
See full activity →ADD
ALIBABA GROUP HLDG LTD
+2,140,680
~$146.58 · 2025Q4
2026-02-17
SOLD
BRIGHT SCHOLAR ED HLDGS LTD
−988,143
~$1.95 · 2025Q4
2026-02-17
SOLD
FULL TRUCK ALLIANCE CO LTD
−4,066,553
~$12.97 · 2025Q4
2026-02-17